Wednesday, May 10, 2017

Australian Government Invests 8.4 Billion Dollars in New Rail Freight Line

Biggest Infrastructure in Decades Given Green Light
Shipping News Feature
AUSTRALIA – In what could be a real boost to multimodal freight down under, the Australian government has committed to investing A$20 billion in new rail developments that it states will cut congestion in cities, grow the regions and create thousands of new jobs. The most noticeable project to receive funding is the Inland Rail project that has been allocated A$8.4 billion ($6.2 billion/£4.79 billion). If costs are manageable this development would potentially drastically cut the need for the giant B Doubles and road trains on long haul routes.

Inland Rail will stretch 1,700km from Brisbane to Melbourne and will enable freight trains carrying over 400 TEU to travel at 115 kilometres an hour through the heart of the country, with links where it would intersect with the Perth-Sydney line. The new rail route will allow freight companies and farmers to transport goods from north to south in less than 24 hours and be up to 10 hours faster than the existing coastal rail network via Sydney.

Construction of the new line is scheduled to begin this year and is expected to be operational by 2025. In a statement the company tasked with delivering Inland rail, the government-owned Australian Rail Track Corporation (ARTC), said:

“Inland Rail is a once-in-a-generation project connecting regional Australia to global markets. It will complete the ‘spine’ of the national freight network between Melbourne and Brisbane via regional Victoria, News South Wales and Queensland.

“Shorter transit times will reduce supply chain costs by A$10 per tonne for inter capital freight travelling between Melbourne and Brisbane, which will mean greater savings for consumers. Inland Rail will help reduce congestion on our highways and allow for increased passenger rail services in the busy Sydney network, will connect our regions to our ports and allow thousands of jobs to be created over the 10-year construction period, and once it’s operational.”